Gate News reports that on March 16, according to Hyperinsight monitoring, over the past four days, a whale address starting with 0x133 opened a long position on EUR/USDC (Euro/US Dollar exchange rate) with 34x leverage, holding approximately $1.04 million in position, with an average entry price of $1.148. The current unrealized loss is about 10%.
On the macroeconomic front, U.S. non-farm payrolls decreased by approximately 92,000 in February, with the unemployment rate rising slightly to 4.4%, indicating signs of a cooling labor market; meanwhile, the February CPI year-over-year was about 2.4%.
Additionally, the ongoing escalation of the US-Iran geopolitical conflict has significantly impacted the Federal Reserve’s rate-cutting pace. The market’s attention is now focused on the Federal Reserve’s interest rate decision scheduled for early morning on March 19.
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